The Credit Repair Organizations Act (CROA) is part of the Consumer Credit Protection Act. Signed into law in 1996, it was created to make sure that credit repair organizations provide consumers with all relevant information to help them make a clear and informed choice. It prevents consumers against misleading advertising. Furthermore, the CROA clarifies that credit repair organizations can only receive payment after completing services. These measures are all in place to protect consumers.

The Fair Credit Reporting Act (FCRA), enacted in 1970, is intended to foster the privacy, accuracy, and fairness of consumer information when held in consumer reporting agencies. In order to prevent inaccurate credit reports, the FCRA handles all consumer information. It is part of the Fair Debt Collection Practices Act.

The Electronic Funds Transfer Act (EFTA) was passed in 1978 and is part of the Consumer Credit Protection Act. It clearly states that consumers have rights for when they electronically transfer funds to and from their bank accounts. It also protects consumers from other entities electronically removing funds from a consumer’s bank account without his or her permission.